Too big to fail or not big enough to be critical

The “quote du jour”  is by Tom Evslin.
“Nothing should be too big to fail because nothing can be made failure-safe.”
There’s no question anymore that institutions which are too big to fail are also too big to leave unregulated. [..]  
Those of us who have built complex interactive systems know that nodes which are significantly large compared to the network as a whole pose an outsized risk. The Internet is a triumph of decentralized relatively small nodes, none of which is “too big to fail”. [..]
There is significant question whether any degree of regulation will be sufficient to prevent failure. Nodes fail for unexpected reasons – usually not the ones you’re watching for.” 

An excellent exposé how the illusion of control has more inherent dangers than the acceptance of the limits of control. Read it.

About Herman

Herman Wagter writes on Dadamotive about facts and figures behind issues that interest him. His work as interim manager and consultant has involved him directly in the impact of hyperconnectivity and sustainability on society. As an independent agent and "mobile warrior" he has experienced the pro's and con's of how organizations and projects can be structured, and what the effects on the final result can be. In his opinion we are entering an era of profound change, driven by these fundamental forces. Following the trends, discovering the fun and debunking the half-truths is a passion he likes to share with others.
Posted in: Human value, Hyperconnectivity.